Securian Asset Management Inc. Cuts Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Securian Asset Management Inc. lowered its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,632 shares of the company’s stock after selling 639 shares during the period. Securian Asset Management Inc.’s holdings in Norwegian Cruise Line were worth $608,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Prestige Wealth Management Group LLC increased its stake in shares of Norwegian Cruise Line by 192.3% during the third quarter. Prestige Wealth Management Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after buying an additional 800 shares during the period. Hopwood Financial Services Inc. purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $27,000. Kestra Investment Management LLC purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $27,000. Finally, R Squared Ltd purchased a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Trading Up 3.7 %

Norwegian Cruise Line stock opened at $19.21 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $14.69 and a 52 week high of $29.29. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 0.24 and a beta of 2.62. The stock has a 50-day moving average price of $25.08 and a 200 day moving average price of $24.24.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Loop Capital assumed coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They issued a “hold” rating and a $26.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Norwegian Cruise Line from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, December 17th. Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. Macquarie lifted their target price on Norwegian Cruise Line from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Finally, Truist Financial lifted their target price on Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Norwegian Cruise Line currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.